Question: Calculate the single equivalent payment today that would replace three payments of $ 1 2 , 8 0 5 , $ 1 8 , 5

Calculate the single equivalent payment today that would replace three payments of $12,805, $18,500, and $8,050, in 1 year, 5 years, and 6 years respectively, if money is earning interest at a rate of 7.75% compounded monthly?
Round to the nearest cent

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